SoFi Bank, National Association: how it compares with its peers
Against 48 U.S. banks with half to twice its assets, SoFi Bank, National Association's strongest measure in Q2 2026 is return on assets (1.98% vs. a 1.24% peer median). Its weakest relative measure is efficiency ratio (67.20% vs. 54.39%).
| Measure | This bank | Peer median | Rank |
|---|---|---|---|
| Return on assets Annualized net income over average assets. | 1.98% | 1.24% | Top third Ahead of 94% of peers |
| Net interest margin Annualized net interest income over earning assets. | 6.07% | 3.49% | Top third Ahead of 94% of peers |
| Efficiency ratio Noninterest expense per dollar of revenue. Lower is better. | 67.20% | 54.39% | Bottom third Ahead of 8% of peers |
| Assets per employee Total assets over full-time-equivalent staff. | $19.0M | $12.7M | Top third Ahead of 73% of peers |
| Loans to deposits Net loans and leases over total deposits. | 99.75% | 84.24% | Context |
What it means for lending operations
Its efficiency ratio of 67.20% is above the 54.39% peer median: it spends more to earn each dollar of revenue than most banks its size. Staff time on manual borrower verification (collecting pay stubs, bank statements, and employment letters, then re-keying them) is one of the larger controllable costs behind that number.
Banks closest in size
- Frost Bank San Antonio, TX · $53.95B
- BOKF, National Association Tulsa, OK · $52.98B
- Associated Bank, National Association Green Bay, WI · $51.76B
- First National Bank of Pennsylvania Greenville, PA · $50.80B
- Banco Popular de Puerto Rico San Juan, PR · $63.34B
Questions about SoFi Bank, National Association
How big is SoFi Bank, National Association?
SoFi Bank, National Association, established in 1986, is headquartered in Cottonwood Heights, UT. It reported $56.82B in total assets in its Q2 2026 FDIC call report and operates 4 offices.
What is SoFi Bank, National Association's return on assets?
1.98% annualized in Q2 2026, against a 1.24% median for 48 U.S. banks with half to twice its assets, ahead of 94% of them.
What is SoFi Bank, National Association's efficiency ratio?
67.20% in Q2 2026: it spent about 67 cents in noninterest expense for each dollar of revenue. The peer median is 54.39%, and lower is better.
Is SoFi Bank, National Association growing its loans?
Net loans grew 54.2% over the year to Q2 2026, while deposits grew 57.4%.
Sources and method
Figures are from the FDIC’s public call report data for the quarter ending 06/30/2026, via FDIC BankFind. Return on assets and net interest margin are annualized year to date. Peers are U.S. banks with half to twice its assets in the same quarter, excluding this bank. The page refreshes daily, so new quarters appear as banks file. Compare another bank or see every Utah bank ranked.